Ten board intrigue rolls on

The intrigue on the Ten Network board rolls on, with the company announcing a nominee of its second largest shareholder – Bruce Gordon – will be appointed to the board as its annual meeting on December 9.

Mr Gordon, the Bermuda-baed Australian media baron who owns 13 per cent of Ten plus the WIN regional television network and Nine Network stations in Adelaide and Perth, said he welcomed the nomination of lawyer Paul Mallam.

“I am delighted that we have agreed with Ten to the appointment of our nominee, Paul Mallam, becoming a director of the company," Mr Gordon said in a statement.

“I also welcome the offer from Ten to James Packer and Lachlan Murdoch, including the invitation to join the Ten board as part of the two board seats offered following the recent acquisition by CPH [Mr Packer’s private company Consolidated Press Holdings] of an 18 per cent interest in the company."

Mr Mallam is the principal of Mallam Lawyers and a former partner of Blake Dawson.

On Monday, Ten offered board seats to Mr Packer – who raided the Ten share register late last month and is now its largest shareholder – and Mr Murdoch, who is negotiating to buy half of Mr Packer’s Ten shares.

Mr Packer and Mr Murdoch are pushing for three board seats at Ten. The third would go to Seek co-founder and joint chief executive Paul Bassat.

On Thursday, the Ten board offered to sacrifice executive chairman Nick Falloon to end the stand-off with Mr Packer and Mr Muyrdoch.

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Ten said Mr Falloon would “accept the offer from the board to stand down from his role as executive ­chairman and leave the company immediately following the company’s annual meeting . . . if this would assist in the resolution of the outstanding issues between the ­company and Messrs Packer and Murdoch".